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BRIEF-Storm Resources Announces Its Financial And Operating Results For The Three And Nine Months Ended September 30

Published 2020-11-10, 07:55 p/m
© Reuters.

Nov 10 (Reuters) - Storm Resources Ltd SRX.TO :

* . (“STORM” OR THE “COMPANY”) IS PLEASED TO ANNOUNCE ITS FINANCIAL AND OPERATING RESULTS FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2020

* QTRLY LOSS PER SHARE $0.14

* QTRLY PRODUCTION WAS 19,027 BOE PER DAY, A DECREASE OF 20% FROM PREVIOUS QUARTER AND AN INCREASE OF 2% YEAR OVER YEAR

* PRODUCTION IN Q4 OF 2020 IS FORECAST TO AVERAGE 25,000 TO 27,000 BOE PER DAY

* QTRLY FUNDS FLOW WAS $6.7 MILLION, OR $0.05 PER SHARE, A REDUCTION FROM $12.0 MILLION LAST YEAR

* ALL FIGURES IN C$

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